Audit and monitoring as a component of the financial resources control system

Abstract

The article comprehensively examines the theoretical and practical aspects of the development of audit and monitoring as key elements of the financial resources control system in Ukraine. It is determined that the modern model of state financial control is based on the interaction of two complementary components: audit, which carries out a retrospective assessment of the legality, appropriateness and efficiency of the use of public funds, and monitoring, which provides continuous tracking of the current state of financial processes in order to timely identify risks, deviations and violations. It is emphasized that the integration of audit procedures with financial monitoring systems contributes to the formation of a flexible, operational and effective system of public finance management. Particular attention is paid to the analysis of the role of state audit as a strategic control tool aimed at increasing the efficiency of budget policy, transparency of financial flows and rational use of resources. Monitoring, in turn, is considered as a dynamic process of constant collection, analysis and evaluation of financial information, which allows you to promptly respond to negative trends, prevent financial abuse and strengthen the preventive function of control. The authors emphasize the need to implement information and analytical monitoring systems that will ensure rapid data exchange between financial control bodies and will increase the reliability of audit conclusions. The article analyzes the current regulatory framework that regulates the activities of state audit and monitoring bodies, and also identifies a number of problems: fragmentation of legal support, duplication of functions between different controlling structures, lack of a unified concept for the development of state financial control and insufficient integration of information resources. It is emphasized that overcoming these problems requires improving legislation, delimiting powers between internal and external audit, creating a single coordination center for monitoring financial transactions and developing data exchange standards. Conceptual directions for the development of the national financial control system are proposed, which include strengthening the analytical component of audit, increasing the professional competence of auditors, improving the information and technical infrastructure and expanding the capabilities of predictive monitoring. It is summarized that the effective combination of audit and monitoring is the key to creating a holistic, transparent and effective system of control of financial resources, capable of ensuring the stability of public finances, reducing the risks of misuse of funds and strengthening public trust in state institutions. Thus, the development of an integrated audit and monitoring system is considered as a strategic direction for the development of public administration, which corresponds to the European principles of good governance and financial responsibility.